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The Auto Sale Release Of Liability Form is a crucial document in Nigerian vehicle transactions that provides legal protection for sellers after transferring vehicle ownership. This document should be used immediately following the sale of any motor vehicle to formally document the transfer of liability from seller to buyer. It includes essential information such as vehicle details, party information, date of transfer, and explicit liability release statements. The form complies with Nigerian Federal Road Safety Commission regulations and local transportation laws, serving as a vital record for both private and commercial vehicle sales. It's particularly important in Nigeria's dynamic automotive market where clear documentation of liability transfer helps prevent future disputes and protects sellers from post-sale incidents. This document is recognized by Nigerian authorities, insurance companies, and can be used as evidence in legal proceedings if necessary.

1. Parties: Identification of the seller and buyer, including full names, addresses, and contact information

2. Vehicle Information: Detailed description of the vehicle including make, model, year, VIN, license plate number, and current odometer reading

3. Date of Transfer: Specific date when the ownership and liability transfer takes effect

4. Release Statement: Clear statement releasing the seller from all future liability related to the vehicle

5. Consideration: Statement of the sale price and confirmation of payment received

6. Current Vehicle Condition: Declaration of the vehicle's known condition at the time of transfer

7. Representations: Seller's statements regarding vehicle ownership, liens, and encumbrances

8. Signatures: Space for dated signatures of both parties and witnesses